Future inflation index up in July

The future inflation index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.3 points month-on-month in July, BIEC reported on Monday. "Same as last month, the increase was small, however, the index has been growing for the third consecutive month," a statement read. "Deflationary factors still prevail among the components of the indicator, with pressure on a potential price increase being poor on the side of customers and producers alike," the statement informed.